Alpha Engines Corporation Agrees to Accept Turbine Truck Engines Shares for Debt.DELAND, Fla. -- Turbine Truck Engines, Inc. 'Turbine Truck' (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TTEG TTEG Technical Task Execution Group ), a company that manufactures and markets technologically advanced engines, and Alpha Engines Corp. 'Alpha', a company that invents and designs proprietary alternative engine and alternative fuel technologies, are pleased to announce the signing of an Agreement that will satisfy the entire accrued Alpha Royalty Fee of $416,666.67 in exchange for 100,000 shares of restricted common stock of Turbine Truck. "This exchange underscores the confidence Alpha Engines has in our ability to successfully manufacture and bring to fruition, a ground-breaking and marketable product based on Alpha's patented technology," reports Mr. Michael Rouse, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Turbine Truck Engines. "Turbine Truck Engines, under the guidance of Michael and his team, have made decisive progress in the development of the Detonation Cycle Gas Turbine Engine by moving it from the drawing and prototype stages to the reality of a fully envisioned revolutionary truck engine," commented Mr. Robert Scragg, President, Alpha Engines Corp. About Turbine Truck Engines, Inc. Turbine Truck Engines, Inc. is a technology company focused on the development, manufacture and testing of its New Energy and Environmental Efficient Truck Engine intended for mass market in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and abroad. This new engine design can utilize any known fuel source (gasoline, diesel, propane, natural gas, hydrogen, methanol, ethanol or LPG LPG: see liquefied petroleum gas. 1. LPG - Linguaggio Procedure Grafiche (Italian for "Graphical Procedures Language"). dott. Gabriele Selmi. Roughly a cross between Fortran and APL, with graphical-oriented extensions and several peculiarities. ) or fuel mixture, yet needs zero coolant coolant (kōō´l n , lube oil, filters, or pumps. The unique, lightweight turbine design has few moving parts, significantly reducing maintenance costs. The innovative cyclic detonation process produces a complete combustion of fuel-oxidation mixtures, resulting in greater fuel economy and fewer harmful exhaust emissions. For more information concerning Turbine Truck Engines, Inc., kindly visit our website at http://www.turinetruckengines.com. About Alpha Engines Corporation Alpha Engines Corporation is a technology company specializing in the theory, design, testing and registration of its "New Age" products. In 1997, Alpha Engines filed a patent on the Detonation Cycle Gas Turbine Engine resulting in the patent being granted in 1999. In 2000, Alpha granted Turbine Truck Engine, Inc. exclusive license rights to manufacture and market the DTGT DTGT Discrete Time Gabor Transform 540 horsepower engine as a new, energy efficient and cost effective alternative heavy-duty truck engine. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. : This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The risks and uncertainties that may affect the operations, performance development and results of the company's business include, but are not limited to, fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the company's SEC reports. |
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